UBS raises S&P 500 forecast to 5150, expects higher returns amid falling interest rates

<p>UBS have raised their year-end forecast target for the S&amp;P 500 this year to 5150. </p><p>Analysts at the firm were previously projecting 4850.</p><p>UBS cites </p><ul><li>the Federal Open Market Committee (FOMC)'s "recent pivot"</li><li>the subsequent decline in rate expectations</li><li>above-trend 2024 EPS revision</li><li>“While earnings should drive 2024 returns, falling interest rates should support incrementally higher multiples.”</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.